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GBP/USD is Poised for New Highs

By:
Nenad Kerkez
Published: Feb 23, 2021, 14:37 GMT+00:00

The GBP/USD is bullish. We should see an uptrend continuation from 1-2-3 pattern after a retracement.

GBP/USD

The GBP/USD is bullish. We should see an uptrend continuation from 1-2-3 pattern after a retracement.

If the retracement happens watch out for 78.6-88.6 POC zone. 1.3990-1.4005 is the zone where the price might be rejected from. A bounce could also happen above 1.4100. In both cases 1.4140 is the target. The pair is still in uptrend and buying the dips is the way to go.

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Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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